Question
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$3.50 Manufacturing overhead
- From Business: Accounting
- Closed, but you can still post tutorials
- Due on Nov. 23, 2008
- Asked on Nov 23, 2008 at 3:45:42PM
Q:Consider Exercise 13-8-b. Calculate the cost of each pair of shoes made during August.
NOTE: Type your answer as a dollar-and-cents amount without the dollar sign (in the format 9.99 or 99.99).
Consider Exercise 13-8-c. Calculate the total cost of the shoes sold.
NOTE: Type your answer as a dollar-and-cents amount with a comma and without the dollar sign (in the format 9,999.99 or 99,999.99).
Information for the above questions:
Nautical Footwear, Inc. manufactures women's boating shoes. Manufacturing overhead is assigned to production on a machine-hour basis. For 2007, it was estimated that manufacturing overhead would total $487,200 and that 33,600 machine hours would be used.
Information for exercise 13-8b
During May, 5,860 shoes were made. Raw materials costing $28,468 were used, and direct labor costs totaled $28,800. A total of 2,840 machine hours were worked during the month of May.
Information for 13-8c
At end of the month, 1,578 pairs of shoes were in ending inventory.
